New hearing to regulate DFS in New York

After passing the committee hearing, a bill to regulate daily fantasy sports in New York will be moved on to the Senate Finance Committee.

US.- Bill S6793A, introduced by Senator John Bonacic in February to regulate daily fantasy sports (DFS) in New York, will be moved on to the Senate Finance Committee, after being passed at a committee hearing. The bill was heard by members of the Senate Racing, Gaming and Wagering Committee, chaired by Bonacic, receiving two yes votes, four yes votes with reservations and one vote against.

The next step for S6793A will be the hearing at the Senate Finance Committee alongside Bonacic’s online poker bill, S5302B, which was reintroduced to the Senate in January and was unanimously passed at a state committee hearing in February.

The hearing will take place today (Thursday) and a separate DFS bill, A10473, introduced by Assemblyman Gary Pretlow in May, will be also voted upon. Finally, the vote will be taken by the Assembly’s gaming committee.

Pretlow, who introduced legislation in 2014 and two further online poker bills in January this year, has been a keen supporter of regulating online poker in New York, drafting one assembly version and a senate version of the new legislation. Both DFS bills propose a 15 percent tax rate on gross revenue.